Brokerages Set Ensign Energy Services Inc. (TSE:ESI) Price Target at C$4.11

Ensign Energy Services Inc. (TSE:ESI - Get Free Report) has received an average rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$4.11.

Several equities analysts have weighed in on the stock. ATB Capital dropped their target price on shares of Ensign Energy Services from C$7.00 to C$5.00 and set an "outperform" rating for the company in a report on Friday, December 22nd. CIBC dropped their price target on shares of Ensign Energy Services from C$4.00 to C$3.25 and set a "neutral" rating for the company in a research report on Tuesday, January 16th. BMO Capital Markets boosted their price objective on shares of Ensign Energy Services from C$3.00 to C$3.50 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Stifel Nicolaus boosted their price objective on shares of Ensign Energy Services from C$2.50 to C$2.75 and gave the stock a "hold" rating in a research note on Monday, March 4th. Finally, Royal Bank of Canada upped their target price on shares of Ensign Energy Services from C$3.75 to C$4.00 and gave the company an "outperform" rating in a research note on Monday, March 4th.

Ensign Energy Services Trading Down 0.8 %

Shares of ESI stock traded down C$0.02 during trading hours on Friday, hitting C$2.57. The company had a trading volume of 382,696 shares, compared to its average volume of 248,548. The stock has a market capitalization of C$470.00 million, a PE ratio of 11.68, a price-to-earnings-growth ratio of 202.94 and a beta of 3.10. Ensign Energy Services has a fifty-two week low of C$1.77 and a fifty-two week high of C$3.78. The company has a debt-to-equity ratio of 94.00, a current ratio of 1.04 and a quick ratio of 1.30. The company's fifty day moving average is C$2.43 and its 200 day moving average is C$2.38.

Ensign Energy Services (TSE:ESI - Get Free Report) last announced its quarterly earnings data on Friday, March 1st. The company reported C$0.17 EPS for the quarter, beating analysts' consensus estimates of C$0.03 by C$0.14. The company had revenue of C$430.54 million for the quarter, compared to the consensus estimate of C$444.50 million. Ensign Energy Services had a net margin of 2.30% and a return on equity of 3.21%. Research analysts expect that Ensign Energy Services will post 0.1956027 earnings per share for the current fiscal year.

About Ensign Energy Services

Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and equipment and services.